The board of Saudi Real Estate Co. (Al Akaria) has proposed a 5 percent cash dividend (SAR 0.5 per share) for the second half of 2016, the company said, bringing the total dividend for fiscal year 2016 to SAR 1 / share.
Cash Dividend Details (H2 2016) |
|
Current capital |
SAR 1,200 mln |
Number of shares |
120 mln |
Cash dividend |
SAR 60 mln |
Percent capital |
5% (SAR 0.50/share) |
Record date |
General assembly (To be announced) |
Payment day |
To be announced |
Dividend for FY 2016 |
|
Total cash dividend |
SAR 120 mln |
Percent of capital |
10% (SAR 1/share) |
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